The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that gold gained Rs2,700 per tola during the day, pushing the price to Rs446,862.

The 10-gram rate rose by Rs2,315 to Rs383,112.

Saturday had also seen a sharp increase, with the per-tola price reaching Rs444,162 after a Rs5,300 jump.

International gold prices gained $27 to hit $4,245 per ounce, including a $20 premium.

Silver prices in the local market also moved higher, rising Rs54 to reach Rs5,963 per tola.

Global bullion remained mostly steady after touching a six-week high on Monday, as investors adopted a risk-off stance ahead of a potential US rate cut later this month.

Spot gold edged down 0.1% to $4,225.91 per ounce at 0534 GMT.

Silver rose 0.7% to $56.78 per ounce after briefly touching a record $57.86.